Current Report No.: 60/2022

Title: Information on the intention to recognize a non-recurring operation of an accounting nature in the financial statements for Q3 2022
Date: 2022.11.10
Report no.:  Current Report No.: 60/2022

Current Report No.: 60/2022

Date of Preparation: 11 October 2022

Issuer's Abbreviated Name: ENEA S.A.

Legal Basis: Article 17(1) of the Market Abuse Regulation - inside information

Subject: Information on the intention to recognize a non-recurring operation of an accounting nature in the financial statements for Q3 2022

Body of the report:

With reference to Current Report Nos. 53/2022, 57/2022 and 59/2022, the Management Board of ENEA S.A. ("Company", "Issuer") hereby reports that in connection with the preparation of its (standalone and consolidated) financial statements for Q3 2022, the need was identified, on 11 October 2022, to increase the provision for onerous contracts in the trading segment in the generation segment by approx. PLN 864.6 million compared to the amount of this provision as at 30 June 2022, that is from PLN 446.9 million to approx. PLN 1,311.5 million, largely due to the need to purchase hard coal from suppliers other than Lubelski Węgiel "Bogdanka" S.A. As at 30 September 2022, the provision held by ENEA Elektrownia Połaniec S.A. is approx. PLN 217.8 million, while in ENEA Wytwarzanie sp. z o.o. the provision is approx. PLN 1,093.7 million.

These events will affect the consolidated financial statements of the ENEA Group for Q3 2022, taking into account the estimated financials of ENEA Group companies, by reducing EBITDA by approx. PLN 864.6 million, pre-tax profit by approx. PLN 864.6 million and net profit for the reporting period by approx. PLN 700.3 million.

Please be advised that the foregoing figures are estimates and as such are subject to change, and that their final amounts will be presented in the periodic report of the ENEA Group for Q3 2022.

Please note that the term EBITDA is defined as the value of operating profit (loss) + depreciation and amortization + impairment losses on non-financial non-current assets (values for the reporting period). The above definition and methodology for its calculation are the same as those used to calculate this indicator in the Issuer's periodic reports. The definition above is also included in the glossary of terms and abbreviations available on the Company's website (


Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.